Cryptocurrencies for travel a practice that is becoming more and more common
Today, in the midst of the cruel and cruel depreciation that in the last two days has been experiencing the price action of most cryptocurrencies, which led the Bitcoin to the corner of $ 26,000, I wanted to bring a less tragic topic and talk about the benefits that today shows the use of cryptocurrencies in everyday life.
When I refer to the fact of talking about the benefits that today shows the use of cryptocurrencies in everyday life, I will point out how cryptocurrencies are being used as a means of payment for travel, payment of hotels, payment of tourist packages and car rentals.
In this order of ideas and according to information disclosed in the Cointelegraph portal "There are already Latin Americans who use cryptocurrencies to travel. This is what emerges from a press release issued by Binance and Despegar en Español, where it is highlighted that the most chosen destinations are in Argentina".
It is also mentioned that "Argentina, Mexico and Colombia, the travel company Despegar incorporates cryptocurrencies as a new payment method through the Binance Pay platform, thus diversifying users' options when accessing their trips".
Among the data that have been shared and that caused me worthy of analysis is that "Of all Despegar users who buy with crypto in Argentina, Mexico and Colombia, 83% use them to buy airline tickets, 6% activities and transfers, 6% hotels, 3% package tours and 2% car rentals," explained from Binance, they also added: "In terms of destinations, 63% of customers choose domestic travel, while 38% choose international destinations".
SOURCES CONSULTED
Cointelegraph. Where do Latin Americans travel using cryptocurrencies?. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Coinreview
Absolutely, despite the significant decline in the crypto market, we can't deny that there are intriguing developments taking place. Cryptocurrency serves various purposes beyond the commonly recognized benefits you mentioned earlier. Notably, exchanges like Bitget are diversifying their focus to enable people to earn in crypto. For instance, the KCGI program they organize yearly allows both professional and amateur traders to compete for the chance to win substantial units in USDT. Additionally, even football enthusiasts can now predict the outcomes of their favorite teams in events like the FIFA Women's World Cup.
There's also a growing belief that the colapse of most economies might lead to crypto adoption and a more positive price action for BTC and other alts. Nevertheless the onus is on us to begin preparing for the next bull run by way of DCA and accumulation of these cryptos but let's do it wisely